Commercial Law Keyed to Lopucki
Hillesland v. Federal Land Bank Association of Grand Forks
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Plaintiff began working for the Association in 1956, and became chief executive officer in 1972. Then in June of 1983 he was discharged. During his employment, Plaintiff learned that the Westbys were having financial difficulties and that they had received an offer to purchase their farm from another customer of the Defendant. Plaintiff contacted the Westbys to offer financial counseling and they said they wanted to sell the farm. This led to an offer to purchase by Plaintiff’s sons. Plaintiff submitted the details of the transaction to the board of directors for their approval. The board approved the transaction, the Plaintiff then went to the other Bank for approval and they stated that it was not in position to disapprove the transaction but expressed concern over the conflict of interest. The sale was then consummated. Bank then began to investigate the sale and informed the Plaintiff at a board meeting that he was being discharged because Plaintiff had violated written st andards of conduct, damaged the image and reputation of the Defendants and exercised poor business judgment. Plaintiff commenced this action against the Defendants alleging violation of the Farm Credit Act, breach of contract, age discrimination, and tortious interference by the Bank with Plaintiff’s employment contract with Defendant Association. Plaintiff appeals from the judgment of the district court dismissing the action.
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